Civic Intelligence

Hyde Park Art Center

990 • Fiscal year 2017 • EIN 36-2887294

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 20, 2018

Organization ProfileWWW.HYDEPARKART.ORG

View Organization Page

5020 S CornellChicago, IL 60615

(773) 324-5520

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.06x

Higher debt load relative to revenue than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

18th percentile

-10.0%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$124,581

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets22nd percentile

Assets

$6,336,750

No earlier filing loaded for comparison.

Net Assets

$6,215,109

No earlier filing loaded for comparison.

Liabilities

$121,641

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin18th percentile

Revenue

$2,024,775

No earlier filing loaded for comparison.

Expenses

$2,226,933

No earlier filing loaded for comparison.

Net Income

-$202,158

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2017: $6,336,750Liabilities 2017: $121,641Net Assets 2017: $6,215,1092017Assets 2018: $6,070,517Liabilities 2018: $139,310Net Assets 2018: $5,931,2072018Assets 2019: $6,071,058Liabilities 2019: $170,415Net Assets 2019: $5,900,6432019Assets 2020: $8,210,045Liabilities 2020: $148,586Net Assets 2020: $8,061,4592020Assets 2021: $13,112,741Liabilities 2021: $446,950Net Assets 2021: $12,665,7912021Assets 2022: $11,546,706Liabilities 2022: $239,449Net Assets 2022: $11,307,2572022Assets 2023: $11,720,753Liabilities 2023: $223,778Net Assets 2023: $11,496,9752023Assets 2024: $11,005,163Liabilities 2024: $197,183Net Assets 2024: $10,807,9802024

Highlighted filing

2017

Assets$6,336,750
Liabilities$121,641
Net Assets$6,215,109
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2017: $2,024,775Expenses 2017: $2,226,933Net Income 2017: -$202,1582017Revenue 2018: $2,284,276Expenses 2018: $2,472,204Net Income 2018: -$187,9282018Revenue 2019: $2,506,353Expenses 2019: $2,665,759Net Income 2019: -$159,4062019Revenue 2020: $4,472,124Expenses 2020: $2,333,569Net Income 2020: $2,138,5552020Revenue 2021: $7,741,893Expenses 2021: $3,229,484Net Income 2021: $4,512,4092021Revenue 2022: $2,482,157Expenses 2022: $3,282,240Net Income 2022: -$800,0832022Revenue 2023: $3,721,399Expenses 2023: $3,980,597Net Income 2023: -$259,1982023Revenue 2024: $2,905,571Expenses 2024: $3,972,769Net Income 2024: -$1,067,1982024

Highlighted filing

2017

Revenue$2,024,775
Expenses$2,226,933
Net Income-$202,158
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 20, 2018
Return Version
2017v2.2
Gross Receipts
$2,750,777
Mission and Program Overview

Mission

The purpose of the hyde park art center (the art center) is to stimulate and sustain the visual arts in chicago. It does so by challenging and supporting artists, connecting artists to a broader public, and creating a community of people who are interested in the visual arts. The art center's flagship programs provide opportunities for anyone to see, make, learn about and discuss art.

The art center presents innovative exhibitions of new work by primarily chicago-based artists; education programs for children and adults, novice through professional and, free public programming for a diverse and creative audience. Through these programs, the art center actively cultivates a more vibrant, inclusive arts community and aims to foster a collective spirit among artists, teachers, students, children and families, and the general public. It facilitates opportunities for artists to experiment and do things they would not be able to do elsewhere and encourages its visitors to get involved with the entire process of art and art making.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,033,475$3,832,709▼ $200,766
Investments in Publicly Traded Securities$0$822,258▲ $822,258
Pledges and Grants Receivable$791,405$778,118▼ $13,287
Savings and Temporary Cash Investments$1,021,586$447,499▼ $574,087
Cash and Non-Interest-Bearing Accounts$558,450$335,412▼ $223,038
Accounts Receivable$57,086$49,896▼ $7,190
Prepaid Expenses and Deferred Charges$17,932$17,425▼ $507
Total Assets$6,484,734$6,336,750▼ $147,984
Other Assets Total$4,800$53,433▲ $48,633
Liabilities
Accounts Payable and Accrued Expenses$53,316$52,196▼ $1,120
Deferred Revenue$46,183$52,026▲ $5,843
Other Liabilities$16,350$17,419▲ $1,069
Total Liabilities$115,849$121,641▲ $5,792
Net Assets / Fund Balance
Unrestricted Net Assets$5,309,080$5,193,017▼ $116,063
Temporarily Rstr Net Assets$1,059,805$1,022,092▼ $37,713
Total Net Assets Fund Balance$6,368,885$6,215,109▼ $153,776
Total Liabilities and Net Assets / Fund Balance$6,484,734$6,336,750▼ $147,984

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,758,191$2,089,465$5,847,656
Equipment$74,518$610,432$684,950
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathlynn LorenzExecutive DirectorFT$119,240$5,341$124,581

Board Members and Trustees

NameTitle
Richard WrightBoard Chair
Julie GuidaVice Chair
Amanda WilliamsBoard Member
Angela WalkerBoard Member
Dawoud BeyBoard Member
Dedrea GrayBoard Member
Deone JackmanBoard Member
Edward Lance IvBoard Member
Erika DudleyBoard Member
Jason SaulBoard Member
John OxtobyBoard Member
Kineret JaffeBoard Member
Lauren MoltzBoard Member
Lawrence FurnstahlBoard Member
Linda WarrenBoard Member
Martha ClintonBoard Member
Robert SullivanBoard Member
Satannia WilliamsBoard Member
Sundeep MullanghiBoard Member
Theaster GatesBoard Member
Trinita LogueBoard Member
Yumi RossBoard Member
Kim TaylorBoard Member Beg 2/13
Cynthia HeusingBoard Member Beg 7/17
Michelle Ha TuckerBoard Member Thru 12/17
LOUIS D'ANGELOBoard Member Thru 6/17
Lisa KornickBoard Member Thru 6/17
Janis KanterSecretary
Justine JentesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,440,064
Program Service Revenue
$551,593
Investment Income
$26,877
Other Revenue
$6,241
All Other Contributions
$1,083,189
Change in Net Assets
$-202,158

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$74,134Fair Market Value (FMV)
Total Noncash Contributions5$74,134-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,015,692
Revenue Not Reported on Financial Statements
$9,083
Revenue Not Reported on Form 990
$57,465
Total Revenue per Audited Statements
$2,073,157
Total Revenue per Form 990
$2,024,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,240,114
Salaries, Compensation, and Employee Benefits$986,819
Total Fundraising Expense$295,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$508,238$78,741$140,799$727,778
Fees for Services Other$401,932$9,048$16,983$427,963
Depreciation Depletion$183,309$29,061$11,177$223,547
Occupancy$144,991$9,399$5,688$160,078
Current Officers, Directors, Trustees, and Key Employees$74,293$18,573$30,955$123,821
Advertising$92,372$1,027$15,099$108,498
Other Employee Benefits$50,850$6,655$11,329$68,834
Payroll Taxes$45,589$7,570$13,227$66,386
Office Expenses$25,035$12,849$7,491$45,375
All Other Expenses$25,347$6,326$11,736$43,409
Travel$33,900$284$7,978$42,162
Information Technology$23,041$2,896$4,923$30,860
Insurance$22,217$3,520$1,354$27,091
Fees for Services Accounting$8,353$1,144$1,945$11,442
Other Expenses$2,233$125$4,637$6,995
Total Functional Expenses$1,742,497$188,553$295,883$2,226,933

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,226,933
Total Expenses per Audited Statements$2,226,933
Total Expenses per Form 990$2,226,933
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$102,691
Fundraising Gross Income$62,939
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Benefit$331,904$62,939$29,660$33,279
Total Events$331,904$62,939$102,691$-39,752
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Culture Coast$15,856
Security Deposits$1,563
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director will review the 990 and present it to the audit committee for their review. Once approved, the 990 will be filed.”

Form 990, Part VI, Section B, Line 12C

“The chair of the board and the executive director are charged with the responsibility of monitoring any possible conflicts of interests and to ensure they do not exist. Management is also required to review any outside employment by staff for potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“The executive committee of the board of directors reviewed available data for executive director compensation at comparable organizations. Considering this, the organization's budget, executive director experience and performance, it determines a proposed compensation package that it brings to the full board for discussion and approval.”

Form 990, Part VI, Section C, Line 18

“990 is available through guidestar and provided upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Hyde Park Art Center
EIN
36-2887294
Phone
7733245520
Address
5020 S CORNELL, CHICAGO, IL 60615

Signing Officer

Name
Kathlynn Lorenz
Title
Executive Director
Phone
7733245520
Signed
2018-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathlynn Lorenz
Formed
1940
Legal Domicile
Il
Voting Board Members
26
Independent Board Members
26
Employees
31
Volunteers
40

Preparer

Firm
Wipfli Llp
Address
485 EAST HALF DAY ROAD SUITE 250, BUFFALO GROVE, IL 60089
Preparer
Marlene Domash
Phone
8479410100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other: program service expenses 349,994. Management and general expenses 9,048. Fundraising expenses 9,545. Total expenses 368,587. Artist fees: program service expenses 51,938. Management and general expenses 0. Fundraising expenses 7,438. Total expenses 59,376.”

Raw XML AppendixShowing 400 of 682 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE ART CENTER PRESENTS INNOVATIVE EXHIBITIONS OF NEW WORK BY PRIMARILY CHICAGO-BASED ARTISTS; EDUCATION PROGRAMS FOR CHILDREN AND ADULTS, NOVICE THROUGH PROFESSIONAL AND, FREE PUBLIC PROGRAMMING FOR A DIVERSE AND CREATIVE AUDIENCE. THROUGH THESE PROGRAMS, THE ART CENTER ACTIVELY CULTIVATES A MORE VIBRANT, INCLUSIVE ARTS COMMUNITY AND AIMS TO FOSTER A COLLECTIVE SPIRIT AMONG ARTISTS, TEACHERS, STUDENTS, CHILDREN AND FAMILIES, AND THE GENERAL PUBLIC. IT FACILITATES OPPORTUNITIES FOR ARTISTS TO EXPERIMENT AND DO THINGS THEY WOULD NOT BE ABLE TO DO ELSEWHERE AND ENCOURAGES ITS VISITORS TO GET INVOLVED WITH THE ENTIRE PROCESS OF ART AND ART MAKING.
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IRS990/Desc0SCHOOL: HYDE PARK ART CENTER OFFERS ON-SITE AND IN-SCHOOL EDUCATION PROGRAMS FOR ALL AGES, ALLOWING ANY STUDENT OR FAMILY TO ENGAGE IN LIFE-LONG LEARNING. A TYPICAL DAY OF ON-SITE LEARNING AT HYDE PARK ART CENTER SEES CHILDREN PAINTING, TEENAGERS TAKING PHOTOGRAPHS, AND CURIOUS ADULTS EXCHANGING IDEAS WITH TEACHING ARTISTS AND VISITING ARTS PROFESSIONALS. THE END RESULT IS A VIBRANT COMMUNITY FILLED WITH YOUTH AND ADULT ARTISTS, DEDICATED TEACHING ARTISTS, AND PASSIONATE ARTS ENTHUSIASTS.STUDENTS AT HYDE PARK ART CENTER CAN EXPECT TO HAVE FUN WORKING WITH REAL ARTISTS WHILE LEARNING AND GROWING AS PEOPLE. TEACHING ARTISTS DO MORE THAN JUST ADDRESS SKILLS, THEY ALSO GET STUDENTS TO THINK BEYOND THE ACT OF MAKING ART.DURING 2017, THE HYDE PARK ART CENTER RAN 171 COURSES AND CAMPS WITH 1439 STUDENTS (INCLUSIVE OF 302 CAMPERS) DURING 4 SESSIONS AND SUMMER CAMPS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt295341
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm1JULIE GUIDA
IRS990/Form990PartVIISectionAGrp/PersonNm2JANIS KANTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JUSTINE JENTES
IRS990/Form990PartVIISectionAGrp/PersonNm4DAWOUD BEY
IRS990/Form990PartVIISectionAGrp/PersonNm5MARTHA CLINTON
IRS990/Form990PartVIISectionAGrp/PersonNm6LOUIS D'ANGELO
IRS990/Form990PartVIISectionAGrp/PersonNm7ERIKA DUDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8LAWRENCE FURNSTAHL
IRS990/Form990PartVIISectionAGrp/PersonNm9THEASTER GATES
IRS990/Form990PartVIISectionAGrp/PersonNm10DEDREA GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm11CYNTHIA HEUSING
IRS990/Form990PartVIISectionAGrp/PersonNm12DEONE JACKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13KINERET JAFFE
IRS990/Form990PartVIISectionAGrp/PersonNm14LISA KORNICK
IRS990/Form990PartVIISectionAGrp/PersonNm15EDWARD LANCE IV
IRS990/Form990PartVIISectionAGrp/PersonNm16TRINITA LOGUE
IRS990/Form990PartVIISectionAGrp/PersonNm17SUNDEEP MULLANGHI
IRS990/Form990PartVIISectionAGrp/PersonNm18LAUREN MOLTZ
IRS990/Form990PartVIISectionAGrp/PersonNm19JOHN OXTOBY
IRS990/Form990PartVIISectionAGrp/PersonNm20YUMI ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm21JASON SAUL
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm23MICHELLE HA TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm24ANGELA WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm25LINDA WARREN
IRS990/Form990PartVIISectionAGrp/PersonNm26SATANNIA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm27AMANDA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm28KIM TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm29KATHLYNN LORENZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29119240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER THRU 6/17
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER BEG 7/17
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER THRU 6/17
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER THRU 12/17
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER BEG 2/13
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0268965
IRS990/FundraisingDirectExpensesAmt0102691
IRS990/FundraisingGrossIncomeAmt062939
IRS990/GainOrLossGrp/SecuritiesAmt03621
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt087910
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0626932
IRS990/GrossReceiptsAmt02750777
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt04923
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02896
IRS990/InformationTechnologyGrp/ProgramServicesAmt023041
IRS990/InformationTechnologyGrp/TotalAmt030860
IRS990/InsuranceGrp/FundraisingAmt01354
IRS990/InsuranceGrp/ManagementAndGeneralAmt03520
IRS990/InsuranceGrp/ProgramServicesAmt022217
IRS990/InsuranceGrp/TotalAmt027091
IRS990/InvestmentExpenseAmt0-9083
IRS990/InvestmentIncomeGrp/ExclusionAmt023256
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023256
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0822258
IRS990/IRPDocumentCnt093
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02699897
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04033475
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03832709
IRS990/LandBldgEquipCostOrOtherBssAmt06532606
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0623311
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO STIMULATE AND SUSTAIN THE VISUAL ARTS IN CHICAGO. IT DOES SO BY CHALLENGING AND SUPPORTING ARTISTS, CONNECTING ARTISTS TO A BROADER PUBLIC, AND CREATING A COMMUNITY OF PEOPLE WHO ARE INTERESTED IN THE VISUAL ARTS. THE ART CENTER'S FLAGSHIP PROGRAMS PROVIDE OPPORTUNITIES FOR ANYONE TO SEE, MAKE, LEARN ABOUT AND DISCUSS ART.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06368885
IRS990/NetAssetsOrFundBalancesEOYAmt06215109
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03621
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03621
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-39752
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-39752
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt057465
IRS990/NoncashContributionsAmt074167
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05688
IRS990/OccupancyGrp/ManagementAndGeneralAmt09399
IRS990/OccupancyGrp/ProgramServicesAmt0144991
IRS990/OccupancyGrp/TotalAmt0160078
IRS990/OfficeExpensesGrp/FundraisingAmt07491
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012849
IRS990/OfficeExpensesGrp/ProgramServicesAmt025035
IRS990/OfficeExpensesGrp/TotalAmt045375
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04800
IRS990/OtherAssetsTotalGrp/EOYAmt053433
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011329
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06655
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt050850
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068834
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3DONOR CULTIVATION
IRS990/OtherExpensesGrp/FundraisingAmt0506

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,336,750
Liabilities
$121,641
Net assets
$6,215,109
Revenue
$2,024,775
Expenses
$2,226,933
Net income
-$202,158
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.20$10.8$2.91$3.97$1.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.22$11.5$3.72$3.98$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.24$11.3$2.48$3.28$0.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$0.45$12.7$7.74$3.23$4.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.21$0.15$8.06$4.47$2.33$2.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$0.17$5.90$2.51$2.67$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.14$5.93$2.28$2.47$0.19
2017Detailed filing. Detailed filing data is available for this year.$6.34$0.12$6.22$2.02$2.23$0.20